Australian independent supermarket group FoodWorks is becoming a national operator with reported plans for new stores in the state of South Australia.
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The opening of the new stores will make Foodworks a national operator as it continues its push to break the dominance of the country’s two largest food retailers, Woolworths and Coles.
FoodWorks chief executive Peter Noble today (25 January) said the expansion into South Australia was a significant event for the growth of the FoodWorks brand nationally.
“(This allows) the group to officially operate in all eight Australian states and territories, providing a genuinely formidable opponent to the major chains and follows on from last year’s announcement of the establishment of 23 supermarkets in Western Australia,” Noble was reported as saying by the Sydney Morning Herald.
Foodworks is Australia’s second-largest independent supermarket chain and its expansion comes amid concerns over the level of competition in Australia’s food retail sector.
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By GlobalDataEarlier this week, the Australian government directed the country’s competition watchdog to commence a formal inquiry into grocery prices in a bid to fight inflation.
The inquiry will look at the structure of the grocery supply chain and competition issues for stores, in particular looking at pricing by Woolworths and Coles owner Wesfarmers.
